Joining the Board in October are Alison Hatcher, Global Head of Corporate Sector, HSBC Global Asset Management (UK) Ltd and Patrick Heath-Lay, Chief Executive Officer, B&CE, provider of The People’s Pension. Also joining as an independent is Catherine May, who is an experienced non-executive director with extensive expertise in corporate affairs and governance.
Having seen the PLSA through a period of both internal and external change in recent years, stepping down from the Board are: Jamie Fiveash, Chris Hogg, Jamie Jenkins, Frank Johnson, Nicola Mark, Lesley Williams, and Carol Young.
Richard Butcher, Chair of the PLSA, said: “I am very pleased to welcome three new members to the PLSA Board with such extensive and broad experience. I am certain Alison, Patrick and Catherine’s expertise will ensure we can build on the hard work of the Association to date and continue to represent the interests of our members.
“I would also like to extend my warmest thanks to all of our outgoing Board members. They have all made a significant contribution to the Association during their tenures, and we hope they continue to be involved in the PLSA’s work in the future.”
Julian Mund, Chief Executive, PLSA, said: “The changes to our Board are part of wider reforms we have been making to ensure we have the right governance for our Association and are able to fulfil our mission of helping everyone achieve a better income in retirement. Alison, Patrick and Catherine will bring a fantastic mix of skills to the table and I am excited to work with them to deliver our strategic goals in the years to come.”
The new Board will be made up of eight people in total, and this reduction in numbers is designed to make the Board both more agile and more appropriate for the size of the PLSA.
These changes are part of the PLSA’s wider governance reforms and ensure the Board has access to a wider skill set beyond pensions but is still guided by PLSA member organisations.
The PLSA’s Board will work closely with the newly created Policy Board, after the appointments have all been confirmed at the PLSA’s Annual General Meeting on 19 October. The members of the Policy Board will also be announced shortly.
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